SBP successfully repays $1.43bn Eurobond

April 8, 2026 (MLN): In a significant show of financial discipline, the State Bank of Pakistan (SBP) has successfully repaid $1.43 billion against Pakistan’s maturing international bond.

The repayment, executed on April 7, included a principal amount of $1.3 billion along with accrued interest, and was transferred to the designated agent bank for onward distribution to bondholders on the maturity date of April 8, 2026.

Separately, the Ministry of Finance confirmed that the country fulfilled over $1.42 billion in external debt obligations, including the same $1.3 billion Eurobond, alongside additional coupon payments amounting to $126.125 million on other outstanding Eurobond instruments.

Khurram Schehzad, Advisor to the Finance Minister, described the development as a “non-event by design” in a post on X, indicating that the repayment was smoothly anticipated and executed without triggering any volatility in financial markets.

The timely settlement indicated Pakistan’s improving macroeconomic footing, supported by relatively stable external buffers and enhanced liquidity conditions.

Moreover, consistent servicing of international debt obligations plays a critical role in strengthening investor confidence and improving Pakistan’s credibility with global financial institutions.

It also signals the government’s commitment to maintaining a sustainable debt trajectory while safeguarding foreign exchange reserves.

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